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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 645   View pdf image (33K)
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INSURANCE. 645

laws applicable to the filing of papers and furnishing information by stock
companies applying for authority to transact the same kinds of insurance.

(e) If organized without the United States, make and maintain a de-
posit, if any, required of a like mutual insurance company formed in this
state for transacting the same kinds of insurance in the country in which
such foreign company is domiciled.

(f) Its name shall not be so similar to any name already in use by any
such existing corporation, company or association organized or licensed
in this state as to be confusing or misleading.

(g) Any mutual insurance company organized outside of this State,
which is authorized to transact the business of insurance on the mutual
plan, which neglects to comply with the requirements of this section, which
accepts citizens of this State as members, and issues certificates or policies
thereto after the first day of June in the year 1929, shall issue said certifi-
cates or policies subject to the following conditions:

(h) That the company consents that the State Insurance Commissioner
of Maryland is its agent for the service of process, in any action, suit, or
proceeding brought in this State, which authority shall continue so long as
any liability shall remain outstanding.

(i) That the certificate or policy shall not be forfeited for failure of the
insured to give notice of change of occupation.

(j) That when a member or policy holder is injured or killed by acci-
dental means, compensation or indemnity shall be paid to him or his bene-
ficiary or beneficiaries according to the hazard of the occupation in which
he is actually employed at the time of injury or death, and in accordance

-with a classification of risks to be prepared or adopted by the Insurance

Commissioner of Maryland.

Reciprocal Exchanges and Inter-Insurers.

An. Code, 1924, sec. 137. 1922, ch. 492, sec. 134. 1927. ch. 708, sec. 137.
137. Attorney Shall File Verified Declaration. Such subscribers so
contracting among themselves, shall, through their attorney, file with the
insurance commissioner a declaration, verified by the oath of such attor-
ney, or where such attorney is a corporation, by oath of the proper officer
thereof, setting forth:

(a) The name of the attorney and the name or designation under
which such contracts are issued, which name or designation shall not be so
similar to any name or designation adopted by any attorney, or by any
insurance organization in the United States, prior to the adoption of such
name or designation by the attorney, as to confuse or deceive.

(b) The kind or kinds of insurance to be effected or exchanged.

(c) A copy of the form of policy contract or agreement under or by
which such insurance is to be affected or exchanged.

(d) A copy of the form of power of attorney or other authority of such
attorney under which such insurance is to be effected or exchanged.


 

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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 645   View pdf image (33K)
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